Humana posts big loss, dour outlook on Medicare Advantage cost spike
The health insurer’s stock plunged Thursday morning following its 2023 results, which fell startlingly short of Wall Street’s expectations.
The health insurer’s stock plunged Thursday morning following its 2023 results, which fell startlingly short of Wall Street’s expectations.
The resources serve as a “step forward” as the agency looks to propose enforceable standards, HHS Deputy Secretary Andrea Palm said in a statement.
During an annual State of the Clinic address, executives outlined plans to build sustainably — with technology investments — after the operator posted a profit last year.
The head of the Senate Finance Committee sent letters to several health insurance exchanges on Tuesday, as part of an inquiry into allegedly predatory Medicare Advantage marketing to seniors.
The specialty pharmacy could be valued at more than $4 billion in a sale, but a deal might slow the healthcare segment’s drive toward profitability.
The payer curbed the worst of medical cost growth last year, and expects to do the same in 2024 — an assumption one analyst called “aggressive” given persistent higher utilization among seniors.
The purchase by Surgery Ventures comes after HCA has made other acquisitions in Texas, one of the hospital operator’s largest markets.
Lawmakers demanded the operator detail how it will “ensure the communities Steward’s hospitals serve are not abandoned” amid financial troubles.
The lawsuit seeks to represent thousands of other UPMC employees who may have been affected by the nonprofit’s alleged wage suppression and other anticompetitive practices.
Hospital Sisters Health System is shuttering operations in Western Wisconsin as nonprofits struggle to rebound from pandemic-related challenges.